PROGRESSIVE CORP/OH/

PGR · CIK 0000080661insurer template: specialized rows coming in Phase 1

19 fiscal years · 68 SEC filings · every number carries its receipt

Revenue (FY)

$87.67B16.3%

FY2025

Net income (FY)

$11.31B33.3%

FY2025

Free cash flow (FY)

$17.20B15.9%

FY2025

Diluted EPS (FY)

$19.2333.5%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 6.0× since FY2007 · net margin 8.1% → 12.9%

MarginsNet marginFCF margin

FY2025: net 12.9% · free cash flow 19.6% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $17.55B operating cash − $348.0M capex = $17.20B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity -2% (FY2008) → 37% (FY2025) · on assets 9.2%

Balance sheetLiabilitiesEquity

FY2025: $123.04B assets · $92.72B liabilities · $30.32B equity

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	87,671	75,372	62,109	49,611	47,702	42,658	39,022	31,979	26,839	23,441	20,854	19,391
Net income	11,308	8,480	3,903	722	3,351	5,705	3,970	2,615	1,592	1,031	1,268	1,281
Diluted EPS	19.23	14.40	6.58	1.18	5.66	9.66	6.72	4.42	2.72	1.76	2.15	2.15
Diluted shares	588	588	588	587	587	588	587	587	586	585	589	595
Operating cash flow	17,548	15,119	10,643	6,849	7,762	6,906	6,262	6,285	3,757	2,733	2,293	1,726
Capital expenditures	348	285	252	292	244	224	364	266	156	215	131	108
Free cash flow	17,200	14,834	10,391	6,557	7,518	6,682	5,898	6,019	3,601	2,518	2,162	1,618
Cash & equivalents	138	154	100	221	202	77	227	75	275	226	—	—
Total assets	123,039	105,745	88,691	75,465	71,132	64,098	54,911	46,575	38,701	33,428	29,819	25,788
Total liabilities	92,716	80,154	68,414	59,574	52,901	47,060	41,012	35,539	28,913	24,987	22,065	18,859
Shareholders' equity	30,323	25,591	20,277	15,891	18,232	17,039	13,673	10,822	9,285	7,957	7,289	6,929

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.